Legislature votes to bail out NUMC with tobacco settlements
The Nassau County Legislature has approved a plan to bail out the struggling Nassau University Medical Center (NUMC) with money from tobacco settlements.
Officials say the county is owed $300 million over the next 30 years from tobacco settlements. Under the plan, the county will take $120 million now and borrow against it to keep NUMC from closing its doors. The hospital will be required to present a comprehensive spending plan within 60 days to ensure the money is used efficiently.
County executive Tom Suozzi will hold a press conference Tuesday to provide more information about the deal.
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